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Author name: Evan

Audi adds ‘digital matrix’ LED headlights and OLED rear lights to A8 – Just Auto

Audi’s refreshed A8 model features new ‘digitized light’ technology which it says is comparable with video projectors and delivers greater safety. The ‘digital matrix’ LED headlights use DMD (digital micromirror device) technology. Each headlamp contains approximately 1.3 million micromirrors which disperse the light into tiny pixels, which means that it can be adjusted with the […]

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Elon Musk puts a stop to Tesla’s (TSLA) rally, says Hertz deal is not signed and not a big deal

Elon Musk has put a stop to Tesla’s (TSLA) historic rally by saying that the Hertz deal is “not signed” and adding that he doesn’t believe it has any effect on Tesla’s economics. Tesla’s stock (TSLA) rallied more than 55% over the last month alone. The bulk of the increase came after Hertz’s announcement that

Elon Musk puts a stop to Tesla’s (TSLA) rally, says Hertz deal is not signed and not a big deal Read More »

Hankook Tire records Q3 global sales of EUR1.34bn – Just Auto

Hankook Tire has posted third-quarter global sales of EUR1.34bn (US$1.6bn), down from EUR1.36bn, while operating profit was EUR131m. Global sales of 18 inches and higher tyres accounted for 36.4% of total passenger car tyre sales, a YoY increase of 2.4%p. In particular, high-inch tyre sales in Hankook’s major markets including South Korea, China, Europe and

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Opibus closes $7.5 million funding round, largest ever for an African electric mobility

African electric mobility company Opibus announced today that it has closed on a round of equity and grant fundraising totaling $7.5 million. According to the company, this the largest sum of money raised by an electric mobility company in all of Sub-Saharan Africa, eclipsing the previous by $4 million. Opibus now looks to use this

Opibus closes $7.5 million funding round, largest ever for an African electric mobility Read More »